Now, I can understand the "premise" of what is going on in terms of the drop in a lot of the exotics, though what is honestly happening on the inside? For instance, we have seen two days with the USD/ZAR in the last week where in one day ... one day, we have had a move larger than in the past two decades. Contrast in my words, no, that move has happened twice! So in the last twenty years we havent had such an extreme move, then in a week we get two.
Further, currencies such as the CAD, the Polish currency, the Singapore Dollar, the Turkish Lira, they are falling as if these countries are headed for significant economic collapse. At least, that would be my assumption? The investors, traders, whatever they are to be called cant get out fast enough, they are tripping over one another.
My theory is that there are groups just playing it safe in a tough economic time, they are headed for safer base currencies. However, is there such a thing as too far too fast? This is getting ... weird. Educate me, tell me what groups are thinking and why this move is happening so fast and so violently.
Further, currencies such as the CAD, the Polish currency, the Singapore Dollar, the Turkish Lira, they are falling as if these countries are headed for significant economic collapse. At least, that would be my assumption? The investors, traders, whatever they are to be called cant get out fast enough, they are tripping over one another.
My theory is that there are groups just playing it safe in a tough economic time, they are headed for safer base currencies. However, is there such a thing as too far too fast? This is getting ... weird. Educate me, tell me what groups are thinking and why this move is happening so fast and so violently.
The market is my nation. Traders, my family. Hello, brothers and sisters!